Shell has restarted production at the Penguins field in the UK North Sea with a new FPSO facility. Shell UK is the operator, and NEO Energy owns 50% interest. The Penguins FPSO is the first Shell-operated new facility in the North Sea in more than 20 years. SourceContinue Reading

Marathon Petroleum Tops Q4 Earnings Estimates Despite Falling Refining Margins | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 04, 2025, 10:30 AM CST Despite declining refining margins, Marathon Petroleum Corp. (NYSE: MPC) on Tuesday reported higher-than-expected earnings for the fourth quarter of 2024, driven...Continue Reading

Massive Ukrainian Drone Attack Targets Russian Oil Refineries | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Feb 04, 2025, 10:30 AM CST Ukraine launched a massive drone attack on Russian oil and gas facilities, damaging a Lukoil refinery and disrupting air travel....Continue Reading

SLB OneSubsea™ has secured a contract with Vår Energi to deliver subsea production systems (SPS) for offshore Norway developments. The award leverages the existing strategic subsea partnership agreement between the two companies. SourceContinue Reading

Oil prices took a sharp turn today as traders weighed President Trump’s latest “maximum pressure” push against Iran. Brent crude rose to $76.34 per barrel (+0.50%), while WTI’s loss from early in the day shrunk to just a 0.31% dropoff at $72.93 per barrel. While a quick glance at today’s oil prices could suggest traders...Continue Reading

Shell Resumes Production From UK North Sea Oilfield After Redevelopment | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Feb 04, 2025, 9:30 AM CST Shell has restored oil and gas...Continue Reading

Oil and Gas Prices Drop Dramatically on Trade War Fears | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Feb 04, 2025, 8:50 AM CST While potential tariffs on Canada and Mexico have been making all the headlines recently, it is...Continue Reading

Oil Prices Sink 3% as Trump Hits Pause on Canada Tariffs | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – Feb 04, 2025, 8:29 AM CST Just two days after announcing sweeping sanctions...Continue Reading

Western Europe’s Biggest Oilfield Shut Down Due to Power Outage | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Feb 04, 2025, 7:30 AM CST Following a power outage, Equinor on...Continue Reading

UK Considers Withdrawing $1-Billion Financing for Mozambique LNG | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Feb 04, 2025, 6:30 AM CST The UK government is seeking legal advice on...Continue Reading